Why is the price going up now? It could be market psychology. If most people start to think 'it can't fall much lower from here' that's the beginning of a rally. They believe the price will either stagnate or go up, which is a good reason to buy now. The slowly rising price attracts more buyers looking to get in on the trend and you have a rally.
$5.50 now, which is a moderate increase over recent trends. Previously the higher price didn't hold so it'll be interesting to see whether speculators believe this time is different.
Topic: Why now? - page 2. (Read 2473 times)
Obviously it's not. I've just observed it behaves that way.
There is a simple solution - if you find your instinct trades are constantly screwing you over, stop trading on emotion. When you really think "all is lost I should (buy/sell/kill myself)", just stop and don't do anything. Take a cold shower, look at TA graphs, think with a clear head, then act
Trust me it'll save you more than in one situation in life. 
Because my USD transfer just cleared today, and, as always, the Bitcoin market nevere lets me buy low (missed the $4 prices, as expected). The series of coincidences are getting freaky (Adam Smith invisible hand bitchslap!)
this is why religions happen, not criticizing, just the way the universe works
behaving like some intelligent entity always trying to screw me over.
Obviously it's not. I've just observed it behaves that way.
this is why religions happen, not criticizing, just the way the universe works
behaving like some intelligent entity always trying to screw me over.
Because I sold all my coins and refuse to buy more till it drops to $3 due to bitcoin prices behaving like some intelligent entity always trying to screw me over. It'll probably keep rallying.
Thing is, we have been waiting for the market to reach a bottom for a long time now. The recent market activity is seen by many as a confirmation that the bottom has been reached. This is why we are now seeing pressure for a higher price and a rally even.
Also, people have realized that Bitcoin hasn't died or anything silly like that, in fact the fundamental infrastructure is growing very rapidly with super promising services in early stages, such as the bit-pay mobile payment system. For the real Bitcoin economy this is just the beginning, the price is a different animal which follows different rules, at least for now when it's mostly based on speculation.
The price movement is basically mass psychology. The mood of the market is changing. I was already seeing this weeks before and the market activity of recent days have confirmed my thoughts. The cherry on the cake was the quite positive announcement from the most watched Bitcoin analyst.
Also, people have realized that Bitcoin hasn't died or anything silly like that, in fact the fundamental infrastructure is growing very rapidly with super promising services in early stages, such as the bit-pay mobile payment system. For the real Bitcoin economy this is just the beginning, the price is a different animal which follows different rules, at least for now when it's mostly based on speculation.
The price movement is basically mass psychology. The mood of the market is changing. I was already seeing this weeks before and the market activity of recent days have confirmed my thoughts. The cherry on the cake was the quite positive announcement from the most watched Bitcoin analyst.
A few days ago:
It’s because the price did not make a new low below the 4.18 capitulation selling with 220k BTC volume, the largest volume ever since the decline from 25 to 10 USD.
The weaklings with 20k BTC each to dump are out now.
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Why now?
I am curious to why the price is going down now? Was there any big thing that happened or is it just like a spur of the moment movement where it seems like the right move for people
I am curious to why the price is going down now? Was there any big thing that happened or is it just like a spur of the moment movement where it seems like the right move for people
It’s because the price did not make a new low below the 4.18 capitulation selling with 220k BTC volume, the largest volume ever since the decline from 25 to 10 USD.
The weaklings with 20k BTC each to dump are out now.
If it is as many are hoping, we may have finally reached the true bottom after a 3-4 month correction. It may have never been a bubble, just a correction. We just reached another new daily high less then 5 minutes ago so BUY BUY BUY!
Three reasons:
Lots of people SUSPECTED of the rally, but were waiting for something.
It is monday (when banks deposits the USD of people)
A bullish post was made by BitcoinAnalyst, confirming reason 1, and also being a "something" to reason 1 be actually true.
So yes, there are some circular logic and self-completing prophecies from BitcoinAnalyst in the middle, but this is because it was the right time for correction to end. (you can look at his charts to understand)
Lots of people SUSPECTED of the rally, but were waiting for something.
It is monday (when banks deposits the USD of people)
A bullish post was made by BitcoinAnalyst, confirming reason 1, and also being a "something" to reason 1 be actually true.
So yes, there are some circular logic and self-completing prophecies from BitcoinAnalyst in the middle, but this is because it was the right time for correction to end. (you can look at his charts to understand)
I am curious to why the price is going up now? Was there any big thing that happened or is it just like a spur of the moment movement where it seems like the right move for people?
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